The uncertainty surrounding the continuation of the European Union's Autonomous Trade Preferences (ATP) for Ukraine poses significant risks for the Ukrainian agribusiness, especially as it depends on political considerations.
This opinion was expressed during a panel discussion at an international conference by Oleg Khomenko, CEO of the Ukrainian Agribusiness Club (Ukrainian Club of Agribusiness), as reported by the UACB press service.
"If ATP are not extended, it could cost Ukrainian producers over $4 billion. The alternative is the implementation of the Ukraine-EU agreement, which provides long-term trade predictability through reforms and harmonization of legislation. Ukrainian representatives are negotiating with the EU to strengthen their positions and ensure favorable cooperation terms," he stated.
Meanwhile, the head of Agricultural and Food Security at the Ukraine Facility Platform, Olha Trofimtseva, added that uncertainty in trade relations between Ukraine and the EU is a serious challenge, but Ukraine can become a solution to many of the EU's problems, particularly in food security and strategic autonomy.
"Instead of viewing Ukraine as a competitor or threat to European farmers, it should be seen as a partner who can help the EU. While discussions around Ukraine's integration often focus only on conflicts in agriculture, such as poultry meat exports, it's important to go beyond these issues and see the bigger picture," she added.
